Which Type of VAT is Appropriate for a Non-chargeable Goods?
If you are a VAT payer and you want to invoice an item that is non-chargeable (e.g. deposit, security deposit, etc.) you need to add the VAT5 type with a 0% rate to your settings.
Select SETTINGS from the menu bar
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Select TYPES OF VAT in the sidebar
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Add the VAT5 type with 0% RATE
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Confirm the settings by clicking SAVE CHANGES
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When writing an invoice, select the VAT5 type with 0% RATE and no VAT will be added to the price of the item
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How to do this?
Select SETTINGS from the menu bar
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Select TYPES OF VAT in the sidebar
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Add the VAT5 type with 0% RATE
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Confirm the settings by clicking SAVE CHANGES
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When writing an invoice, select the VAT5 type with 0% RATE and no VAT will be added to the price of the item
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Updated on: 30/05/2024
Thank you!